Renewable energy power plants and economic development in Brazil’s northeast region

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Autor principal: Michele Romanello
Formato: Artículo científico
Lenguaje:en
Publicado: Universidad de los Andes 2022
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author Michele Romanello
author_facet Michele Romanello
contents Renewable energy power plants and economic development in Brazil’s northeast region Michele Romanello Multidisciplinarias (Ciencias Sociales) Brazil Wind power Solar energy Spatial econometrics Regional development Brazil’s northeast is now the region with the largest installed capacity of renewable energy, predominantly wind and solar power. The purpose of this research is to show the relationship between the installation of renewable energy power plants and the economic development in the northeast of Brazil. The methodology used is the generalized spatial two-stage least-squares regression with a spatial lag of the dependent (GDP per capita and salary growth) and independent variables (presence of solar or wind power plant). The results indicate that the presence of renewable energy power plants is beneficial only in terms of GDP per capita growth and not in terms of salary increases. Moreover, the municipalities that benefit the most in terms of GDP per capita growth are the neighboring ones, meaning that the spillover effect is greater than the direct effect. Consequently, renewable power should be adjusted to economic and social situations to avoid local tensions with traditional resource users and inhabitants. JEL Classification: C21, O13, P48. 2022 artículo científico 0120-3584 https://www.redalyc.org/articulo.oa?id=169172962006 https://www.redalyc.org/journal/1691/169172962006/ https://www.redalyc.org/journal/1691/169172962006/html/ https://www.redalyc.org/journal/1691/169172962006/169172962006.epub https://www.redalyc.org/journal/1691/169172962006/movil https://doi.org/10.13043/DYS.92.5 en http://www.redalyc.org/revista.oa?id=1691 Desarrollo y Sociedad application/pdf Universidad de los Andes Desarrollo y Sociedad (Colombia) Num.92
format Artículo científico
id redalyc_169172962006
institution Redalyc
language en
publishDate 2022
publisher Universidad de los Andes
spellingShingle Renewable energy power plants and economic development in Brazil’s northeast region
Michele Romanello
Multidisciplinarias (Ciencias Sociales)
Brazil
Wind power
Solar energy
Spatial econometrics
Regional development
Renewable energy power plants and economic development in Brazil’s northeast region Michele Romanello Multidisciplinarias (Ciencias Sociales) Brazil Wind power Solar energy Spatial econometrics Regional development Brazil’s northeast is now the region with the largest installed capacity of renewable energy, predominantly wind and solar power. The purpose of this research is to show the relationship between the installation of renewable energy power plants and the economic development in the northeast of Brazil. The methodology used is the generalized spatial two-stage least-squares regression with a spatial lag of the dependent (GDP per capita and salary growth) and independent variables (presence of solar or wind power plant). The results indicate that the presence of renewable energy power plants is beneficial only in terms of GDP per capita growth and not in terms of salary increases. Moreover, the municipalities that benefit the most in terms of GDP per capita growth are the neighboring ones, meaning that the spillover effect is greater than the direct effect. Consequently, renewable power should be adjusted to economic and social situations to avoid local tensions with traditional resource users and inhabitants. JEL Classification: C21, O13, P48. 2022 artículo científico 0120-3584 https://www.redalyc.org/articulo.oa?id=169172962006 https://www.redalyc.org/journal/1691/169172962006/ https://www.redalyc.org/journal/1691/169172962006/html/ https://www.redalyc.org/journal/1691/169172962006/169172962006.epub https://www.redalyc.org/journal/1691/169172962006/movil https://doi.org/10.13043/DYS.92.5 en http://www.redalyc.org/revista.oa?id=1691 Desarrollo y Sociedad application/pdf Universidad de los Andes Desarrollo y Sociedad (Colombia) Num.92
title Renewable energy power plants and economic development in Brazil’s northeast region
topic Multidisciplinarias (Ciencias Sociales)
Brazil
Wind power
Solar energy
Spatial econometrics
Regional development
url https://www.redalyc.org/articulo.oa?id=169172962006
https://www.redalyc.org/journal/1691/169172962006/
https://www.redalyc.org/journal/1691/169172962006/html/
https://www.redalyc.org/journal/1691/169172962006/169172962006.epub
https://www.redalyc.org/journal/1691/169172962006/movil
https://doi.org/10.13043/DYS.92.5